The new Sec. 199A deduction that provides a 20 percent benefit for flow through entities has been in the news as of late. The Yaryan v. Commissioner, T.C. Memo. 2018-129, case provides an opportunity to consider one aspect of this new Sec. 199A deduction. Specifically, the Treasury released regulations that adopt a “trade or business” standard […] The post The Trade or Business Requirement for the Sec. 199A Deduction appeared first on Houston Tax Attorneys: Mitchell & Patel.
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